We talked with @sean_pratt in late December about #wheat and Russian exports, it got published this year only unfortunately, still a good and timely read.
https://t.co/NsFjfjxKHU
Analysts see world ending stocks lower on Tuesday.
For #corn, the average trade guess would be a 6yr low, but the lowest estimates say 7r.
#Soybeans would be a 5yr low, though the lowest guesses say 7yr.
#Wheat would still be record high (near-record when excluding #China).
Black Sea #wheat regions face another warm winter after a very dry autumn. This doesn't look like a deviation from normal climate this is a #climatechange.
#Corn, #wheat, and #soybeans hit multi-year highs in Jan driven by dry weather in S.America and Argentine corn ban. Russian #wheat export restrictions and tight EU S&D also provides support.
Happy New Year! Be sure to mark these astronomy events on your 2021 calendar: https://t.co/tE8VM2WouB
Lyrid meteor shower: April 21-22
Total lunar eclipse: May 26
Perseid meteor shower: Aug. 11-12
Blue Moon: Aug. 22
Partial lunar eclipse: Nov. 19
Geminid meteor shower: Dec. 13-14
#Argentina suspends sales of #corn for export until Feb. 28 to ensure ample domestic supplies. 89% of exportable 19/20 corn is already sold, and the remainder is 4.27 mmt (168 mbu). Farm groups are unhappy about the surprise decision.
https://t.co/03dDbEYRTA
#Argentina suspended new #corn#export registrations till Mar 01. The 2020/21 crop is deteriorating daily, raising the possibility that a quota “could be” imposed if the crop falls below 44 MMT vs #USDA’s projection of 49 MMT. Quotas have been used before. https://t.co/O1FPzdyTKQ
#Argentina's soy crushing companies reached a deal with oilseed workers late Tuesday after 10+ hours of negotiation, ending the 20 day strike that delayed 162 grain ships from loading - worth nearly $1.5B in exports.
https://t.co/YTLVORVRAP
$corn is the silent winner that no one is talking about. The best trades is where no one is talking about. Bitcoin started at 10500. People didn't want to buy then but want to buy at 20k! Find the silent winners! #corn#stock#option#trade#strategy#future#zc#zc_f
🔭 Get your telescope ready 🔭
Jupiter & Saturn will be extremely close over the next few nights, appearing like 1 single object on Monday. Some are calling this a #ChristmasStar but astronomers call it a "Great Conjunction"
https://t.co/iej4R8LSzZ
October 19: CBOT #wheat futures hit $6.36-3/4 a bushel, the highest for the most-active contract since Dec. 24, 2014.
Weather/supplies in #Russia & other exporters are in focus. Russian wheat is running ~$250/tonne ($6.80/bu), the highest in more than 4 yrs & +27% from mid Aug.
#Soybeans in #Brazil are being planted at the slowest pace in a decade. As of Friday, it is estimated that about 6% of the area had been sown, versus 20% a year earlier and a historical average of 17%. Dry weather is to blame, and harvesting may be pushed to February.
Since late July, CBOT futures have been on a tear. This shows the distribution of price changes from end July-mid Sep since 1986.
For #corn & #soybeans, the 14% & 15% jumps are the 2nd largest in 35+ yrs.
Until 2020, #wheat futures had not risen during this period since 2010.
As of Sept. 1, money managers were:
▪️LONG CBOT #corn fut+opt for the first time in more than a year (net +18.7k, weekly delta +80.1k)
▪️Most bullish toward #soybeans for Sep 1 since 2012 (net +163k, delta +53.3k)
▪️Long CBOT #wheat (net +32.5k, weekly delta +31k)
In #soybeans, some 85% of this weekly move was due to new LONGS.
In #corn, some 91% of the move was due to SHORT covering.
In CBOT #wheat, some 55% of the move was due to new LONGS.